Exclusive: TikTok Rival Triller Explores Deal to Go Public – Sources | Top News

By Joshua Franklin and Echo Wang

(Reuters) – Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter.

The deal would come as Triller seeks to capitalize on TikTok’s woes. U.S. President Donald Trump’s administration has ordered TikTok’s Chinese parent ByteDance to divest the app, citing concerns that the data of U.S. citizens could be accessible to China’s Communist Party government. TikTok has sued the U.S. government to stave off a ban from U.S. app stores while deal negotiations continue.

Triller, which was launched in 2015 and only has a fraction of the 100 million users that TikTok boasts in the United States, has said it hopes that the uncertainty over its rival’s future will drive more influencers and users to its platform.

Triller

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AMD Is Said in Talks to Buy Rival Xilinx in $30 Billion Deal

(Bloomberg) — Advanced Micro Devices Inc. is in advanced discussions to buy Xilinx Inc. in a takeover that could be valued at $30 billion, according to people familiar with the matter.

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The deal could come together as early as next week, though things remain in flux, the people said, asking not to be identified discussing a private deal.

A combination with Xilinx would give AMD Chief Executive Officer Lisa Su more of the pieces needed to break Intel Corp.’s stranglehold on the profitable market for data-center computer components. It would follow moves by rival Nvidia Corp., which bought Mellanox Technologies Ltd. and aims to use its pending acquisition of Arm Ltd. to grab more of that business.

Acquiring Xilinx, which makes programmable chips for wireless networks, would also help AMD expand into a new market just as telecommunications carriers spend billions to build fifth-generation, or 5G, networks.

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AMD Is Said to Be in Talks to Buy Rival Chipmaker Xilinx

(Bloomberg) — Advanced Micro Devices Inc. is in advanced discussions to buy Xilinx Inc. in a takeover that could be valued at $30 billion, according to people familiar with the matter.

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The deal could come together as early as next week, though things remain in flux, the people said, asking not to be identified discussing a private deal. The Wall Street Journal first reported on the negotiations.

A combination with Xilinx would give AMD Chief Executive Officer Lisa Su more of the pieces needed to break Intel Corp.’s stranglehold on the profitable market for data-center computer components. It would follow moves by rival Nvidia Corp., which bought Mellanox Technologies Ltd. and aims to use its pending acquisition of Arm Ltd. to grab more of that business.

Acquiring Xilinx, which makes programmable chips for wireless networks, would also help AMD expand into a new market just as telecommunications carriers

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Convoy rival Uber Freight raises $500M, valuing trucking logistics business at $3.3B

(Uber Freight Photo)

Uber Freight, the trucking logistics arm of Uber, today announced a $500 million investment led by Greenbriar that values the unit at $3.3 billion.

Uber Freight helps match carriers with shipper’s loads, using technology to expedite and automate a traditionally manual process that involves email and phone calls. Since launching in 2017, it has nearly 65,000 carriers in its network and works with shippers including AB Inbev, Nestle, LG, Niagara Bottling, Heineken, Land O’Lakes, and more.

Convoy hires former Expedia CEO as president and COO as digital freight startup tops 1k employees

“Uber Freight has created an innovative and effective approach to logistics technology that we believe is highly scalable in the coming years,” Michael Weiss, managing partner of Greenbriar, said in a statement. “In particular, we believe that carriers and shippers will be increasingly attracted to the convenience and simplicity that Uber Freight offers in a

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Billionaire Gaming Brothers Are Now Tencent’s Biggest Rival

(Bloomberg) — The coronavirus pandemic has created a new gaming giant, boosting the fortune of its two founding brothers.

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Thanks to a rush of new gamers, Playrix has become the world’s largest mobile-game developer after Tencent Holdings Ltd., according to researcher AppAnnie. Its founders and sole owners, 38-year-old Igor and Dmitry Bukhman, 35, have more than doubled their wealth and are now worth $3.9 billion each, according to the Bloomberg Billionaires Index.

That didn’t happen by accident: At the height of the health crisis, as companies cut down on advertising, the mobile-game developer took advantage of lower ad prices to increase its marketing. Monthly users surged 50% to 180 million at the peak of the outbreak, and sales jumped about 60% to $1.75 billion in the first eight months of the year, the company said. The number of gamers has since stabilized at 150 million monthly.

“Successful games

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Why the renewable power investment opportunity could rival the smartphone boom. Plus, three REITs for riding out the second wave

BofA Securities analyst Haim Israel is making some tall claims about the future for hydrogen fuel, comparing the scale of the investment opportunity to smartphones before 2007 and the internet during the early 1990s.

A lot has to go right, but Mr. Israel believes hydrogen will account for 24 per cent of the world’s power usage by 2050 and the industry will generate US$2.5-trillion annually.

In a research note last week, the analyst said he sees three primary drivers behind the growth of hydrogen power: the falling costs of generating green hydrogen fuel, new technologies, and ex-U.S. government incentives promoting de-carbonization.

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The current problem with hydrogen fuel is the power needed to produce it. Currently, 99 per cent of hydrogen is made using electricity generated from fossil fuels. (Interestingly, Mr. Israel notes that French industrial gas provider Air Liquide S.A. uses fossil fuels to make hydrogen,

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SteelSeries Rival 3 Wireless gaming mouse runs for a year on two AAA batteries

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Steelseries

Steelseries has been quiet this year, but maybe that’s about to change. Last week it announced the SteelSeries Arctis 9 dual-wireless gaming headset for PC and PS4 and now it’s releasing the Rival 3 Wireless gaming mouse, a cordless version of its entry-level Rival 3 mouse announced in January. 

The company always seems to offer a bit more than the competition and that’s the case here. The Rival 3 Wireless has a new sensor made with help from sensor experts PixArt. The TrueMove Air sensor is rated at 18,000 counts per inch (CPI) for more precise onscreen movement and a top tracking speed of 400 inches per second (IPS) and tilt tracking. 

The mouse can be used wired or you can choose between Bluetooth or the Steelseries’

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SteelSeries launches new Rival 3 Wireless gaming mouse with a fancy efficient sensor

SteelSeries has just launched a wireless version of its more affordable Rival 3 gaming mouse. The wired Rival 3 is a killer budget-friendly gaming mouse with a great sensor and other highlight features, making it a worthy companion for any gamer who doesn’t want to spend big on a pointer.

This new wireless version of the Rival 3 comes rocking some interesting features. Firstly, it has 400-hour battery life. While that’s for standby time, it’s still impressive for a pointer in this price range. SteelSeries managed to achieve this by including a new power-efficient sensor. It’s the first to feature the SteelSeries TrueMoveAir optical sensor.

As well as a great new accurate sensor, SteelSeries also uses Quantum 2.0 Wireless tech, which is essentially 2.4GHz over a USB wireless adapter, allowing for a polling rate of 1000Hz. This is important for sending data from the mouse to your gaming PC to

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